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JPMorgan plans capped buffer gears due 2020 linked to S&P 500 index
By Sarah Lizee
Olympia, Wash., March 12 – JPMorgan Chase Financial Co. LLC plans to price 0% capped buffer gears due Sept. 30, 2020 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If the index return is positive, the payout at maturity will be par plus two times the index return, subject to a maximum gain of 14.3% to 16.3%.
If the index finishes at or below the initial level but at or above the downside threshold, 90% of the initial level, the payout will be par.
Otherwise, investors will be exposed to losses beyond 10%.
J.P. Morgan Securities LLC and UBS Financial Services Inc. are the agents.
The notes will price on March 26.
The Cusip number is 48130X315.
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